Thread by @BambroughKevin

Great sign that Greenland is open for business and there there will also be competing nations looking to secure metals to import and help industry. $moly kitco.com/news/2021-12-0…

Greenland Resources $moly has the #1 world class molybdenum project. I believe we will see similar government backed funding options for its mine at low rates and great economics.

US EXIM Bank looks to fund ironbank for its zinc/lead mine

I’m told the EU is likely to do the same for Greenland Resources. Germany in particular is desperate to secure Molybdenum for its steel and auto industry. It’s an absolute must have. Greenland Resources is my top multibagger pick. 20x potential.

The market is clueless as to how quickly this company is going to take off. I believe it will secure a deal like Ironbank is getting with US EXIM Bank. Similar size loan will cover its capex completely. With current molybdenum prices it’s a couple 2-3 year pay back

I expect molybdenum prices to move up into the $30’s and $moly Greenland resources could see a 1 year pay back. With this volatile commodity free cash flow could range from $300-600mm. But the market cap is currently very tiny and the shares are tightly held.

Skeptics think Greenland is a permitting risk because they won’t approve uranium mining. Greenland Resources was permitted and is simply updating the mine plan and is going to be repermitted. Some of the same elected officials that approved it 10 years ago are still in power.

They are pro-mining and Europe more than anyone needs this molybdenum supply. 1.7t of industry in Germany depends on this little metal. Cant operate with out it. It’s strategic like few other metals. If/when they have permits in hand and a government back debt financing 10x

Both could well happen by end of 2022. As it ramps up to production it will be $1-2bln company. Vs ~$50mm market cap today. Rare I see risk to reward so extreme.